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STT Straight

77.00
0.00 (0.00%)
03 Jan 2025 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Straight LSE:STT London Ordinary Share GB0033695486 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 77.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Straight Plc Share Discussion Threads

Showing 1151 to 1173 of 1275 messages
Chat Pages: 51  50  49  48  47  46  45  44  43  42  41  40  Older
DateSubjectAuthorDiscuss
05/3/2014
10:59
The odd thing is there doesn't seem to be anything leaking, not since before the RNS anyway. Usually there's movement in the price as deadlines approach, someone always knows something and it normally passes around. Obviously insiders shouldn't trade but it doesn't stop fringe parties, with enough distance between them and insiders, from dabbling. Yet we're static.

Doesn't bode well imo and if nothing materialises the share price will probably slide a bit even though we should be nearer 60p without the possible bid news.

paleje
02/3/2014
11:47
Hansa Trust have a book cost of £1.7 million against a value today of only around £400k(off site/reports) They have about 10%. About 30% is generally held by institutions.
JS is only 48 and with a young team - started young.
whilst there will be some frustration by some at failure of price to respond to improving events I would have thought Hansa and others would expect to benefit from likely recovery - or high take out.
There must be some kind of indicative offer or formula floating about surrounded by secrecy to tempt JS to open books at all. Unless all this is simply a preamble to indicative offer and DD has not yet started. Though must have a lot of credibility to have started serious chain of events.
There is no doubt of the ability of One 51 plc to fund a size able deal. Or ambition and business logic.
In any event those who invested north" of £1 did so for very good medium to long term reasons and if, quote from top: "200,000 shares were only prised out of his reluctant fingers for 275 pence each in May 2006)", why on earth would any one roll over , on the up swing and with a much better broadly based operation for peanuts?
Not forgetting historic and likely dividends again.
Institutions are not known for patience but hope good sense prevails.
I think below radar of many because of low market cap today.
Cheap or Very Cheap? - that is the question!

gelp
02/3/2014
07:43
JS did do a presentation last year about building a 30m brand. I'm not saying that would be the price he would sell at but can't see him selling on the cheap. On the other side, one51 have reduced their debt over the last year and not too sure how much they would be willing to pay? Not long left now. Would rather no offer than sell it on the cheap.
jmf69
01/3/2014
18:08
All depends if JS is willing to sell and if so at what price would certainly be good fit for one 51 plc !
yorkie investor
01/3/2014
18:03
Silence on thread is deafening.
Lot of obvious corporate activity shows intent.
Insiders precluded from dealing or talking - little free float so that could be a reason for inactivity.
Interesting DD situation as surely cannot give too much information to a competitor through DD, who may or may not consummate.
One has the feeling we are well on the road to somewhere. But on what terms.
Surely market cap is well below an reasonable expectation and even if bid failed, business is on the upside.
Any other view from regulars and long time investors - or will next material news be on March 14?

gelp
24/2/2014
09:48
Look who's at number 5
jmf69
17/2/2014
20:03
Investec is Stockbroker to One 51 PLC.

Last time JS sold shares he achieved 275p in May 2006.

Business is obviously worth a lot more to buyer in the same business as is One 51 than an unconnected bidder.

There is a large degree of fragmentation globally of STT core activities. Scale is advantageous.

Some consolidation is inevitable. Looks like One 51 plc in pole position. Can't wait till March 14th!

gelp
17/2/2014
11:54
Looks that way JMF69, amazing they make the forms so long to say so little.
paleje
17/2/2014
11:07
Am I reading the rns correctly? Cenkos sold 18k shares Investec bought 276k shares??
jmf69
16/2/2014
20:17
With the improvement in trading and assuming profit of £1m for tje current year, then on a multiple of 20, a sale price of £20m could be possible. All imo.
jmf69
16/2/2014
19:13
Yes JMF69: Share price was moving up on back of obvious improvements in prospects before this, and specially since last year refinance.
Sales returning towards 30 million and profits as well in wonderful Market Space uk and overseas.
Languishing share price clearly attracts opportunism.
Looking at One 51 PLC and the very long history is not rocket science to see massive Short, Medium and Long term benefits in merging STT.
Others may wake up as well now.

JS has over very many years been a buyer than a seller and will be interesting now tables turned with approach from a very much bigger concern.

At 100p would be only be valued at £15 million, just half of sales, and many of us remember those pre collapse days with share price above this on lower sales and less prospects . share price punished short term on courageous acquisition deals due to lack of bank co operation - and having used vendor finance very sensibly and restored bank confidence the share price is back on the up.

THis would be a Smart move by One 51 plc - at double the price!
(Note they pulled in 9 million euros from selling a none core subsiduary recently and just announced 75 million 4 year euro bank credit line).
Off Google.

STT Shares tightly held . Good luck to JS the team and all shareholders.
PS Offer will need to carry is it 80% of shareholders?

You may guess I am long term fan - but all good things come to end one day - but not just yet!!!!

gelp
14/2/2014
22:43
Net asset value at interims was £8.5m which equates to around 70p per share. Surely any bid would have to be well above the NAV of the company? Not to mention the improved trading over the last year.
jmf69
14/2/2014
22:07
The bin man who's cleaning up OUR Jonathan
playful
14/2/2014
21:57
Premium is usually on previous days close and typically 20-30%. Last close was 45p. I can't see anything higher than 65p as the offer. I would guess 60p. I am a holder so anything higher would be great!!
brendanm76
14/2/2014
20:30
I want 1 pound minimum which is a company value of £12m give or take.
jmf69
14/2/2014
16:43
Seems an ideal fit:

hxxp://www.one51.com/portfolio/speciality-plastics.asp

hxxp://www.one51.com/about-us/default.asp

playful
14/2/2014
16:41
Sounds good! Who are one51plc?
gelp
14/2/2014
16:35
It will need to be a great price for him to accept so my guess is perhaps 90p+?
playful
14/2/2014
16:29
The approach is from one51 plc
jmf69
14/2/2014
16:20
Its Jonathans baby so it might be him
playful
14/2/2014
16:11
Can't imagine they would sell it cheap just as we've turned the corner
jmf69
14/2/2014
16:05
I managed to buy a fair amount this week so can't complain too much, it seems a lovely little Leeds based business with a great product & CEO.
playful
14/2/2014
15:52
Takeover possible but at what price???
brendanm76
Chat Pages: 51  50  49  48  47  46  45  44  43  42  41  40  Older

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